Graduate Management Admission Test

GMAT Exam Fees

March 28, 2023
Gmat Exam Fees

Executed and conducted by the Graduate Management Admission Council (GMAC), the Graduate Management Admission Test - GMAT, is an entrance exam taken by students who desire to pursue management courses in top business schools. The exam sets a criterion through which a candidate's quantitative, verbal, and data interpretation skills are evaluated. Often, students are required to pay a set amount of fee in order to appear for the exam. The GMAT exam fee is typically observed to be $275 at the test centre and $300. Note: Please note that the fee structure is subject to change based on the exchange rate at the time of registration.Note: Please note that the fee structure is subject to change based on the exchange rate at the time of registration.

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GMAT Exam Price in 2024

Potential candidates are eligible to register for the GMAT exam six months to a day before the exam. A particular candidate can appear for the exam 5 times a year. The registration fee will remain constant throughout with respect to the foreign exchange rate. 

Note: Effectual 31st March 2023, as per government budget policies in India, 18% GST will be applicable.

Payment Mode For GMAT Test Fee in 2024

GMAT exam fees can be paid through multiple modes of payment. Look into the points below to get some understanding of the payment method for GMAT registration fees.

1. First off, make sure you have activated international transactions on your card for a smooth payment process. 

2. The card should hold a minimum limit of around  $362.

3. The GMAT exam fee is accepted in USD via Visa, American Express, JCB, Mastercard, and Discover network cards. 

4. Usually, there is a (4.13%) additional charge for international transactions. 

5. After completing the payment of GMAT registration fees, the same will reflect on your statement as "VUE*GRAD MGMT TEST" for the test centre and "DRI*EXAMITY LLC" for the online exam.

GMAT Cancellation Fee in 2024

Candidates are open to cancelling their GMAT exam after registering anytime for any reason. However, they are liable to pay a cancellation fee. Refer to the table below to comprehend the GMAT cancellation fees.

Steps for Cancelling the GMAT Exam 

One can cancel the appointment date anytime before the actual day. The only thing to notice here is that cancellation fees will be charged on the basis of days left until the appointment date. A refund of US$110, US$80, and US$55, depending on the days left before the test. Following are the steps needed to follow in order to cancel the exam: 

1. Log into your mba.com account

2. Under MY Account, select the GMAT exam which is to be cancelled

3. There will be two options in green: one to reschedule and the other to cancel. Do the needful.

4. Depending on the time of cancellation, you will get a specific amount refunded to your bank account.

5. Confirm cancellation

Note: If you happen to cancel your GMAT exam 24 hours prior to the scheduled date, you won't be entitled to any kind of refund.

How to Get A GMAT Fee Waiver?

GMAT fee waivers are available to help students who are economically disadvantaged. One can apply for the GMAT fee waiver by visiting the official website of GMAT. GMAT offers fee waivers to schools (up to free 10 GMAT fee waivers). Take into consideration that fee waivers need to be requested or asked by a Director or a person in a similar position and it is only available to programs who accept the GMAT scores.  

If you are preparing for GMAT and want some good insights on GMAT preparation in order to boost your confidence then, refer to the link here.

GMAT Rescheduling Fee

Candidates can also reschedule their GMAT exam for any particular reason. However, they are liable to pay a reschedule fee depending on the period left.

Steps for Rescheduling the GMAT Exam 

If you want to reschedule your appointment date for the GMAT exam then please follow the following steps. Keep in mind that the cost of rescheduling the GMAT exam will be charged depending on your location and the days left for the test.   

1. Log into your mba.com account

2. Under MY Account, select the GMAT exam which is to be rescheduled

3. Pick a new exam date

4. Review your GMAT application

5. Accept all the terms and conditions

6. Pay the GMAT rescheduling fees

In conclusion, students who are aspiring to appear for the GMAT exam 2024 can carefully refer to this concise guide and gain insights on corresponding topics like GMAT exam fees in India and globally, GMAT test price for registration, cancellation fees, and rescheduling fees. To ensure a smooth exam journey. 

Frequently Asked Questions

How much does GMAT cost?

Is the GMAT exam fee refundable?

How many colleges can I send my GMAT score to for free?

What is the GMAT reschedule fee?

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